Atlas Drilling LLC’s Rig #7 spuds in the Whitaker-Schwab #1H-8 well as the 2nd of 3 originally planned experimental test wells associated with the joint project in Meade County, KS. Implementing learnings from the 1st successful test well (UMCC #1H-17) completed nearly 10 months ago, the project team has changed drilling technology, lateral design, and completion techniques in an effort to further improve cost performance and optimization of ultimate recovery potential. The unconventionally drilled #1H-8 well will have an average vertical depth of 5,300’ and a lateral length of 4,800’ (10,100’ total length) in a previously proved yet undrained 320 acre conventional drilling unit. Along with drilling contractor Atlas Drilling LLC, Halliburton has been selected as the primary service provider for directional drilling services, bits, mud, cement, and completion design. Hadaway Consulting & Engineering will provide well planning services, onsite drilling and completion supervision, and Geosteering assistance. It is estimated that the well will incur 17 drilling days and 7 days for completion leading into an anticipated first production date by mid 4Q19.
Herman L. Loeb LLC is pleased to announce it has completed the purchase of 43 well-maintained leases containing 79 active producers (representing ≈7% of the field’s well count) with operations located across the 174 square mile Spivey-Grabs-Basil field in south central Kansas. The acquisition represents approximately 375 boepd (≈14% of the current field production) derived from mature, low decline rate producing assets mostly drilled in the late 1980’s through early 2000’s still under primary recovery operations. The large, three county oil and gas field has been expanded and redeveloped multiple times since its initial discovery in 1949, producing over 72 million barrels of oil and 844 billion cubic feet of gas in its life. The company officially took over operations on July 1, 2019.
